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Oklahoma's corporate giants powered by energy

The Dow set a record high, but a little-known index of Oklahoma's publicly traded companies is humming along at less than record levels.
by Don Mecoy Published: March 6, 2013
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But an examination of the firms tracked by that index reveals that energy is what powers Oklahoma's corner of the stock market.

The 10 largest firms in the Oklahoma Index are all in the energy business, although the focus of those firms ranges from drilling to pipelines to utilities to coal mining.

Those state-based companies — Williams, Devon, Continental Resources, Chesapeake, ONEOK and others — have a much more direct impact on our economy through jobs, construction, drilling, philanthropy and all the wider ripples those corporate activities send through the state economy.

While that state index is heading upward, it's not at an all-time high. Energy prices are the trigger that can and have sent it to higher levels.

So when you're checking the Dow to gauge the mood on Wall Street, also check energy prices to get a better sense of conditions along our own Main Street.

by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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